Geoclima HVAC UK Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Geoclima HVAC UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13763920 .

The registered office is Suite G04 1 Quality Court, Chancery Lane, London, WC2A 1HR.

The principal place of business is The Barn, Little Common, North Bradley, Trowbridge, BA14 0TX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling and rounded to the nearest £1.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

5 years

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Geoclima HVAC UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.4. Financial Instruments

Debtors

Short term debtors are measured at transaction price which is usually the invoice price, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price which is usually the invoice price.

Provisions

Provisions are measured at transaction price which is usually the invoice price.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Fixed asset investment

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

2.9. Registrar Filing Requirements

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

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Geoclima HVAC UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2025	2,181

As at 31 December 2025	2,181

Depreciation
As at 1 January 2025	436
Provided during the period	436

As at 31 December 2025	872

Net Book Value
As at 31 December 2025	1,309

As at 1 January 2025	1,745

5. Investments

	Unlisted
	£
Cost or Valuation
As at 1 January 2025	-
Additions	115

As at 31 December 2025	115

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	115

As at 1 January 2025	-

Investments in subsidiaries represents 50 ordinary shares (0.05% of share capital) in Geoclima Asia Company Ltd, a company registered at 42/1 Moo 8, Bowin Subdistrict, Sriracha District, Chonburi Province 20230, Thailand. The principal activity of this company is the manufacture of domestic electric appliances.

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Geoclima HVAC UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	369,949	525,108

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	68,759	7,719
Taxation and social security	201,101	330,237
Accruals and deferred income	349,230	49,338
Amounts owed to related parties	130,323	56,931

	749,413	444,225

8. Provisions for Liabilities


	Other Provisions	Total
	£	£
As at 1 January 2025	20,000	20,000
Utilised	(3,842 )	(3,842)
Reversals	(10,158 )	(10,158)

Balance at 31 December 2025	6,000	6,000

9. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
200 Ordinary Shares of £ 1.00 each	200	200

10. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

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Geoclima HVAC UK Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

11. Controlling Party

The company's immediate parent undertaking is Geoclima International SRL , a company incorporated in Italy.

The ultimate parent undertaking is Munters Group AB, incorporated in Sweden. Its registered office is Borgarfjordsgatan 16 164 40 Kista, Sweden.

These financial statements are consolidated in the financial statements of Geoclima International SRL.

The financial statements of Geoclima International SRL may be obtained from Via Dell’industria, 12 – 34077

Ronchi dei Legionari (GO) Italy.

12. Audit Information

The auditor's report on the accounts of Geoclima HVAC UK Ltd for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by David Alan Oakensen FCA (Senior Statutory Auditor) for and on behalf of Oakensen (Bristol) Limited , Statutory Auditor.

Oakensen (Bristol) Limited

Westbury Court

Church Road

Westbury-on-Trym

Bristol

BS9 3EF

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,309		1,745
Investments	5		115		-

			1,424		1,745
CURRENT ASSETS
Debtors	6	369,949		525,108
Cash at bank and in hand		930,795		447,575

		1,300,744		972,683
Creditors: Amounts Falling Due Within One Year	7	(749,413 )		(444,225 )

NET CURRENT ASSETS (LIABILITIES)			551,331		528,458

TOTAL ASSETS LESS CURRENT LIABILITIES			552,755		530,203

PROVISIONS FOR LIABILITIES
Provisions For Charges	8		(6,000 )		(20,000 )

NET ASSETS			546,755		510,203

CAPITAL AND RESERVES
Called up share capital	9		200		200
Profit and Loss Account			546,555		510,003

SHAREHOLDERS' FUNDS			546,755		510,203